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Central Bank Official Defends Operations…


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Central Bank Official Defends Operations…

The Federal Reserve Bank of New York added $52.6 billion in short-term liquidity to the financial system Friday to help money markets get through the weekend. The Fed added the money in a repurchase agreement operation, or repos, that took in $10.9 billion in Treasurys and $40.8 billion in mortgages. Demand from eligible banks, known…

Central Bank Official Defends Operations…

The Federal Reserve Bank of New York added $52.6 billion in short-term liquidity to the financial system Friday to help money markets get through the weekend.

The Fed added the money in a repurchase agreement operation, or repos, that took in $10.9 billion in Treasurys and $40.8 billion in mortgages. Demand from eligible banks, known as primary…

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